Budget & Taxes (Income Tax · Seniors)

SR 15 is a New Jersey Senate resolution urging the federal government to exempt Social Security benefits from federal income tax. It directly affects all Social Security recipients, including retirees (90% of seniors aged 65+), disabled workers, survivors, and dependents, whose benefits currently make up about 30% of their income. The resolution notes that federal taxation of these benefits began in 1984, with income thresholds unchanged since the 1990s, and states that 41 states and the District of Columbia already exempt Social Security from state income tax. The resolution does not create new law but formally requests congressional action to eliminate this federal tax.